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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (1089)9/6/2001 12:08:36 PM
From: Roebear  Read Replies (1) of 36161
 
Iso and all,
"Red Flag Alert"

GE just broke it's last support at 41.36, trying to rally up to breakdown area, but doesn't look like it will make it back over.
Take a look at this one on a three year weekly:

siliconinvestor.com

That baby is a beauty of a chart, has that consumer debt thing, along with many semi's, looks like it wants to go down to 98 lows.

Nazduk don't look much better, my last look was 1724, gone below the fib 76% on this chart:

rain.prohosting.com

Caveat is this is bounce territory if they want to save the world

"Did you ever sit and wonder, marvel at the complexity, billions of people going about their lives...."

I was going to post that the OSX could show a pop tomorrow, but if this sucker breaks, if the OEX breaks 569, things are going to get real CHITTY.

Best Regards,

Roebear
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